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Nov 21, 2012
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now let's talk about the fiscal cliff and house and senate leaders expected to meet with the president next week and hopefully negotiations will continue. staffers reportedly have made little progress over the last week. politico is writing this saying that the gop's opening offer, the sources said would freeze the bush era tax rates, change the inflation can clated for entitlement programs, keep the estate tate at 2012 levels and overhaul of the tax code and not provide a revenue target. martin, if this is the starting point, if that's the starting point -- are republicans as serious about compromise as they claim? >> that offer's like the sticker price at a car dealership. >> with room. >> you know you won't pay that and then the big question unanswered now is will republicans budge on rates or revenue? we have to distinguish. republicans are open to increasing tax revenue by a cap in deductions, closing loopholes and so far they haven't shown willingness to moving tax rates up for upper income americans. do they talk about entitlements? folks on the left say we're not touching entit
now let's talk about the fiscal cliff and house and senate leaders expected to meet with the president next week and hopefully negotiations will continue. staffers reportedly have made little progress over the last week. politico is writing this saying that the gop's opening offer, the sources said would freeze the bush era tax rates, change the inflation can clated for entitlement programs, keep the estate tate at 2012 levels and overhaul of the tax code and not provide a revenue target....
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Nov 21, 2012
11/12
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now, the other deal, the president and congressional leaders are working on, no progress on the fiscal cliff either. congressional leaders are taking a holiday breaks from the talks, but staff members have not been encouraged by their early huddles. let me bring in politico's deputy white house editor and joanne green, managing editor of the brie owe and msnbc contributor. good morning. >> good morning. >> we'll get to the situation in the middle east in just a minute. i want to start with the fiscal cliff and politico's front page today. "rough start for fiscal cliff talks." looked like everything was going really well after that first meeting. now that the dealing is really getting under way, the sources tell politico neither side seems actually all that serious. what's going on here? >> our reporting shows that despite the politics of the seeming to suggest that a deal should be struck and despite the meeting that happened with the congressional leaders at the white house last week that had everybody walk out of it and use the word constructive and talk about how nice the meeting wa
now, the other deal, the president and congressional leaders are working on, no progress on the fiscal cliff either. congressional leaders are taking a holiday breaks from the talks, but staff members have not been encouraged by their early huddles. let me bring in politico's deputy white house editor and joanne green, managing editor of the brie owe and msnbc contributor. good morning. >> good morning. >> we'll get to the situation in the middle east in just a minute. i want to...
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Nov 21, 2012
11/12
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things really stand when it comes to the fiscal cliff. >> that's the million-dollar question. where do things really stand? >> billion dollars. >> becky, we probably won't know until around christmastime. >>> millions of people will hit the roads, runways and malls over the next 48 hours. what can they expect during the thanksgiving holiday weekend? we have flooded the zone with our team, nbc's jeff rossen on travel and cnbc's courtney reagan on holiday shopping. but millions of americans will hit the road for this thanksgiving. more than 40 million to be precise. and nbc's jeff rossen is literally on the road covering the holiday travel for us. hi, jeff. how are you? >> reporter: hey, luke, and happy thanksgiving. right now we're driving on i-95 north heading out of new york city into the suburbs, connecticut and such. and as you can see we're already hitting some traffic. in fact, this is the busiest travel day. 43.6 million americans traveling today and most of us are traveling by car. 90% of travel today is by car. if you want to impress your friends, average distance 588
things really stand when it comes to the fiscal cliff. >> that's the million-dollar question. where do things really stand? >> billion dollars. >> becky, we probably won't know until around christmastime. >>> millions of people will hit the roads, runways and malls over the next 48 hours. what can they expect during the thanksgiving holiday weekend? we have flooded the zone with our team, nbc's jeff rossen on travel and cnbc's courtney reagan on holiday shopping. but...
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Nov 21, 2012
11/12
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leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they do it,
leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are...